90
90
Dec 22, 2012
12/12
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between large financial institutions and the federal government and for other purposes. the presiding officer: is there objection to proceeding to the measure? without objection. mr. reid: mr. president, i ask unanimous consent that the vitter-brown of ohio amendment, which is at the desk, be agreed to, and the bill add amende as e read a third time and passed, motions to reconsider be laid on the table, that all statements related to the bill be placed in the record at the appropriate place as if read. the presiding officer: without objection. mr. reid: i ask unanimous consent the foreign relations committee be discharged from further consideration of s. res. 613 and we proceed to that matter now. the presiding officer: the clerk will report. the clerk: s. res. 613, urging the governments of europe and the european union to designate hezbollah as a terrorist organization and so forth. the presiding officer: is there objection to proceeding to the measure? without objection. mr. reid: the ask the senate proceed to a voice vote on the adochghts resolution. -- on the adopt
between large financial institutions and the federal government and for other purposes. the presiding officer: is there objection to proceeding to the measure? without objection. mr. reid: mr. president, i ask unanimous consent that the vitter-brown of ohio amendment, which is at the desk, be agreed to, and the bill add amende as e read a third time and passed, motions to reconsider be laid on the table, that all statements related to the bill be placed in the record at the appropriate place as...
54
54
Dec 27, 2012
12/12
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the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. why? because german capital was flowing to the country at cheap rates, financing ponzi schemes. it is just like the subprime market here where people were coerced to take loans that could not afford. similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative prime minister, he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he has not spoken since. he affectively called for a general election. he did not contest it. it was much worse than obama's first debate. he appeared before them and was like "don't vote for me." he lost that election. he did not have to call for that election. he called for it to lose it, to stay at home. he has not spoken since. he is having a nice holiday. and then there was papandreou. i was an advisor up until 2006. so i am not to blame. who
the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. why? because german capital was flowing to the country at cheap rates, financing ponzi schemes. it is just like the subprime market here where people were coerced to take loans that could not afford. similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative...
90
90
Dec 27, 2012
12/12
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CSPAN
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eye 90
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it is a state and local government issue. what we hear often from the southern states is that they are receiving former residents of new jersey that are buying homes and the tax bill goes down from $20,000 a year down to $2,000 a year. it is essentially a local and state tax competition. the high tax rates in new jersey -- that is one reason why there is a migration out of new jersey to other states. host: doug from kansas. on the independent line. caller: good morning. it appears there will not give new mortgages because they want to collect the higher interest rates. seeing the stock market crash -- would it make sense to loosen it up? -- say the stock market crashed and we went into depression, when it makes sense to loosen it up so somebody with a 700 credit score, they can save us in the economy ahead? -- they can give them the better mortgage rates to save us and the economy ahead? guest: i agree with the caller. the person that cannot refinance -- as is profit going to the financial industry. the financial industry pro
it is a state and local government issue. what we hear often from the southern states is that they are receiving former residents of new jersey that are buying homes and the tax bill goes down from $20,000 a year down to $2,000 a year. it is essentially a local and state tax competition. the high tax rates in new jersey -- that is one reason why there is a migration out of new jersey to other states. host: doug from kansas. on the independent line. caller: good morning. it appears there will...